Roblox Co. (NYSE:RBLX) CAO Sells $311,357.22 in Stock

Roblox Co. (NYSE:RBLX) CAO Amy Marie Rawlings sold 6,054 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $51.43, for a total value of $311,357.22. Following the completion of the sale, the chief accounting officer now directly owns 85,008 shares of the company’s stock, valued at approximately $4,371,961.44. This represents a 6.65 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Amy Marie Rawlings also recently made the following trade(s):

• On Monday, November 4th, Amy Marie Rawlings sold 2,186 shares of Roblox stock. The shares were sold at an average price of $52.90, for a total transaction of $115,639.40.
• On Wednesday, August 28th, Amy Marie Rawlings sold 12,258 shares of Roblox stock. The stock was sold at an average price of $44.09, for a total transaction of $540,455.22.

Roblox Stock Up 0.1 %

Shares of RBLX stock traded up $0.03 during mid-day trading on Friday, hitting $49.38. The company’s stock had a trading volume of 6,787,997 shares, compared to its average volume of 7,628,171. The company has a debt-to-equity ratio of 5.64, a quick ratio of 0.98 and a current ratio of 0.98. Roblox Co. has a 52-week low of $29.55 and a 52-week high of $55.10. The stock has a market cap of $30.00 billion, a price-to-earnings ratio of -30.08 and a beta of 1.56. The business has a 50-day moving average price of $45.93 and a 200 day moving average price of $40.88.

Roblox (NYSE:RBLX) last posted its earnings results on Thursday, October 31st. The company reported ($0.37) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.39) by $0.02. Roblox had a negative net margin of 30.90% and a negative return on equity of 986.36%. The business had revenue of $919.00 million for the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the prior year, the business earned ($0.45) EPS. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. Research analysts predict that Roblox Co. will post -1.56 EPS for the current fiscal year.

Institutional Investors Weigh In On Roblox

A number of large investors have recently added to or reduced their stakes in RBLX. V Square Quantitative Management LLC purchased a new stake in Roblox during the third quarter valued at $27,000. Frazier Financial Advisors LLC increased its position in shares of Roblox by 20,800.0% during the 3rd quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock valued at $28,000 after purchasing an additional 624 shares during the last quarter. PARK CIRCLE Co bought a new position in shares of Roblox in the 2nd quarter worth approximately $30,000. GAMMA Investing LLC boosted its holdings in shares of Roblox by 132.8% in the third quarter. GAMMA Investing LLC now owns 929 shares of the company’s stock worth $41,000 after buying an additional 530 shares during the last quarter. Finally, Gilliland Jeter Wealth Management LLC increased its position in Roblox by 102.4% in the second quarter. Gilliland Jeter Wealth Management LLC now owns 1,000 shares of the company’s stock worth $37,000 after buying an additional 506 shares in the last quarter. Institutional investors own 91.08% of the company’s stock.

Analysts Set New Price Targets

RBLX has been the subject of a number of recent research reports. Morgan Stanley raised Roblox from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $38.00 to $65.00 in a research note on Monday, November 4th. Macquarie boosted their price objective on Roblox from $50.00 to $58.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Wells Fargo & Company lifted their target price on shares of Roblox from $54.00 to $58.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Roth Mkm raised their price target on shares of Roblox from $35.00 to $42.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. Finally, Piper Sandler upped their price objective on shares of Roblox from $54.00 to $65.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Seven analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $55.30.

Roblox Company Profile

Roblox Corporation develops and operates an online entertainment platform in the United States and internationally. It offers Roblox Studio, a free toolset that allows developers and creators to build, publish, and operate 3D experiences, and other content; Roblox Client, an application that allows users to explore 3D experience; and Roblox Cloud, which provides services and infrastructure that power the platform.